222 Medina Road, Wayzata, MN 55391 (MLS# 6342792)
$1,900,000
Wayzata, MN 55391
MLS# 6342792
Status: Closed
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Property Description
Amazing opportunity to own investment property for future development. The property currently has a large 2-story home (septic and well), 40x70 pole barn with large doors, tillable land, and beautiful wetlands. Nearly 22 acres of land, and all this minutes from parks, downtown Hamel, Highway 55 with shopping and restaurants. The property is in Wazyata Schools and is 15 minutes from downtown Minneapolis or Lake Minnetonka (downtown Wayzata). Ideal investment property with passive rental income (tillable land and rental home/building). The property is zoned Rural Residential Urban Reserve and Guided in the Comprehensive Plan for sewer and water with a development of a mix of multi-family and single family homes. This is an Estate Sale sold AS-IS, WHERE IS. Do not enter property without listing broker.
Details
Maps
Contract Information
Status: Closed
Off Market Date: 2024-05-17
Contingency: None
Current Price: 1650000
Closed Date: 2024-05-31
Original List Price: 3999000
Sales Close Price: 1650000
ListPrice: 1900000
List Date: 2023-03-15
Owner is an Agent?: No
Auction?: No
General Property Information
Comp Sale YN: No
Development: No
Lot Measurement: Acres
Multiple PIDs?: Yes
Plat Recorded: No
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family, Residential-Single Famil
Lot Dimensions: 1390x904x1330x520
Acres: 20.78
Location Tax and Other Information
House Number: 222
Street Name: Medina Road
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391
Additional Parcels Information
Property ID #2: 1311823410004
Assessments
Tax With Assessments: 9833.16
Builder Information
Builder Restrictions: Open
Dimension Information
Lot Size Min: 0.25
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: Yes
Ownership
Fractional Ownership: No
Property Features
Available Utilities: Cable Available; Cable Connected; Electricity Connected; Natural Gas Available; Natural Gas Connected; Phone Available; Phone Connected; Private Septic Connected; Private Well Connected; Sewer Available
Development Status: Raw Land
Financing Terms: Cash
Improvements: Paved Streets
Land Inclusions: Abstract
Lock Box Type: Supra
Lot Description: Corner Lot; Suitable for Horses; Tree Coverage - Light
Outbuildings: Pole Building
Property SubType: Acreage; Development
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Sale Options: Sell Entirely
Surface Water: Wetlands
Topography: Rolling
Listing Office: Recreate Real Estate LLC
Last Updated: June - 03 - 2025
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